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but right now make no mistake about it, the fiscal cliff doubts in getting to january 1 without some kind of even a patchwork deal is what's driving the markets right now in negative territory. >> as we know, it's not a cliff, it's really a slope or series of steps as you're falling down them should a deal not come to pass here. is the drop that we've seen so far after plan b's failure, will we see yet more of the market reacting, a slow degradation of market performance? >> that depends on essentially if, for instance, a week from monday right now we're sitting here and it's almost a certainty that we're going to go over the cliff. i would argue that we could get more back to a cliff rather than slope analogy because it comes down to how swiftly does the market react in a negative way and how swiftly is the fallout on the overall u.s. economy. for example, we're getting reports from around the country that, number one, retailers have lowered their forecast on what the christmas shopping season is going to look like. we're hearing that one of our reporters who is out at a mall today
but right now make no mistake about it, the fiscal cliff doubts in getting to january 1 without some kind of even a patchwork deal is what's driving the markets right now in negative territory. >> as we know, it's not a cliff, it's really a slope or series of steps as you're falling down them should a deal not come to pass here. is the drop that we've seen so far after plan b's failure, will we see yet more of the market reacting, a slow degradation of market performance? >> that...
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Dec 24, 2012
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there are still struggling americans, millions looking for work and what's the fiscal cliff mean for them? >> reporter: okay. we have unemployment at 7.7% last month and mainly went down because people gave up looking for work and jdropped out of th job market and out of work six months or longer. 4.8 million americans, they're the folks worried the most about unemployment benefits not extended after the first of the year. >> as we look at that number, that's staggering for so many. we have a "the washington post" poll that indicates 74% of americans support raising taxes on the top earners in this country. with that support there, the presidential mandate of re-election and the fact he ran on raising taxes if he was given a second term, why is there such this stalemate and trepidation in washington, d.c. to get a deal done? >> reporter: how many hours do we have? let me try it this way. there's a group of hard core tea party republicans but democrats say we won because as your poll shows most americans support the president's position on higher taxes on top earners and seemingly at
there are still struggling americans, millions looking for work and what's the fiscal cliff mean for them? >> reporter: okay. we have unemployment at 7.7% last month and mainly went down because people gave up looking for work and jdropped out of th job market and out of work six months or longer. 4.8 million americans, they're the folks worried the most about unemployment benefits not extended after the first of the year. >> as we look at that number, that's staggering for so many....
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Dec 27, 2012
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mitch mcconnell is actually speaking about the fiscal cliff. let's take a listen. >> we'll see what the president has to propose. members on both sides of the aisle will review it, and then we'll decide how best to proceed. hopefully, there's still time for an agreement of some kind that saves the taxpayers from a wholly, wholly preventable economic crisis. mr. president, i yield the floor. >> the majority leader. >> i'm not sure my distinguished republican counterpart has followed what has taken place in the house of representatives. the house, as reported lie the press and we all know, one of the plans that didn't have a name, it wasn't plan "b," i don't know what plan it was because they've had a number over there, but this plan was to show the american people that the $250,000 ceiling on raising taxes wouldn't pass in the house. why didn't they have that vote? because it would have passed. they wanted to kill it. the speaker wanted to show everybody that it wouldn't pass the house. but he couldn't bring it up for vote because it would have
mitch mcconnell is actually speaking about the fiscal cliff. let's take a listen. >> we'll see what the president has to propose. members on both sides of the aisle will review it, and then we'll decide how best to proceed. hopefully, there's still time for an agreement of some kind that saves the taxpayers from a wholly, wholly preventable economic crisis. mr. president, i yield the floor. >> the majority leader. >> i'm not sure my distinguished republican counterpart has...
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tropical vacation for the hard reality of the fiscal cliff negotiations. the president called all four congressional leaders last night in an effort to reach a deal, but did that call fall on deaf ears? jared bernstein, former chief economist to vip biden, as well as a contributor. i want to start with the new statement from senator mitch mcconnell's office coming out says last night he called other lead serious. the leader is happy to review what the president has in mind, but to day date the majority has not put forward a plan. jared, is that good they're actually speaking, however far apart as it may sound, at least they're talking? >> it's a bit good. better to be talking than north. the unfortunate thing are the words they're saying. i don't hear much compromise or kind of conciliation in the statements we've heard thus far. i do hear a lot of theatrics, you go first, no you go first. it's strange to say the democrats haven't put forth any legislation on this, because in fact they have. in fact, a democratic majority in the senate passed a bill that's
tropical vacation for the hard reality of the fiscal cliff negotiations. the president called all four congressional leaders last night in an effort to reach a deal, but did that call fall on deaf ears? jared bernstein, former chief economist to vip biden, as well as a contributor. i want to start with the new statement from senator mitch mcconnell's office coming out says last night he called other lead serious. the leader is happy to review what the president has in mind, but to day date the...
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Dec 30, 2012
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now, pushing a deal on the fiscal cliff. as you noted on capitol hill is where all of the action is right now. the president when he bought the leaders here on friday said they have to try to work something out over the next couple of days and said on "meet the press" his position was either there is a deal or he wants the senate to bring up h his version of this short-term stop gap measure that would extend tax cuts for those making $250,000 or less and extend unemployment. he said if republicans stop they will be to blame for the fiscal cliff. what role do you have in this don't you have to show leadership to break the imabout passe? the president went back to pointing the finger at republicans. take a list. >> speaker boehner and republican leader mcconnell to accept the fact taxes on wealthiest americans should go up a little bit. if folks can't say yes to good offers i have an obligation of the american people to make sure that the entire burden of deficit reduction doesn't fall on seniors who are relying on medicare. >
now, pushing a deal on the fiscal cliff. as you noted on capitol hill is where all of the action is right now. the president when he bought the leaders here on friday said they have to try to work something out over the next couple of days and said on "meet the press" his position was either there is a deal or he wants the senate to bring up h his version of this short-term stop gap measure that would extend tax cuts for those making $250,000 or less and extend unemployment. he said...
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Dec 31, 2012
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and i think that the issue that we're dealing with right now on the fiscal cliff is a prime example of it. what i'm arguing for are maintaining tax cuts for 98% of americans. i don't think anybody would consider that some liberal left-wing agenda. that used to be considered a pretty mainstream republican agenda. and it's something that we can accomplish today if we simply allow for a vote in the senate and in the house to get it done. the fact that it's not happening is an indication of how far certain factions inside the republican party have gone where they can't even accept what used to be considered centrist, mainstream positions on these issues. now, i remain optimistic. i'm just a congenital optimist. that eventually people kind of see the light. winston churchill used to say that we americans, you know, we try every other option before we finally do the right thing. after everything else is exhausted, we eventually do the right thing. and i think that that's true for congress as well. and i think it's also important for americans to remember that politics has always been messy.
and i think that the issue that we're dealing with right now on the fiscal cliff is a prime example of it. what i'm arguing for are maintaining tax cuts for 98% of americans. i don't think anybody would consider that some liberal left-wing agenda. that used to be considered a pretty mainstream republican agenda. and it's something that we can accomplish today if we simply allow for a vote in the senate and in the house to get it done. the fact that it's not happening is an indication of how far...
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Dec 29, 2012
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the fiscal cliff battle continues right up to the very end. when we come back, former governor bill richardson will attempt to explain where president obama's leadership has been on the fiscal cliff showdown. a hannity one on one shootout and then senator dianne feinstein is introducing a new assault weapons ban and believe it or not she s actually now talking about gun owners being registered and fingerprinted. we will get to that and much we will get to that and much [ woman ] we knew it was gonna be bad, but never like this. the red cross was down here all the time. [ man ] they've given us a lot of heart. in times of need, they're there. ♪ [ kerry ] my dad was watching his house burn. he turned around, and all of a sudden, therwas this guy standing there from the red cross. at a point where i had just lost everything, the idea that there was someone there... that's an amazing thing. ♪ but with advair, i'm breathing better. so now i can be in the scene. advair is clinically proven to help significantly improve lung function. unlike most
the fiscal cliff battle continues right up to the very end. when we come back, former governor bill richardson will attempt to explain where president obama's leadership has been on the fiscal cliff showdown. a hannity one on one shootout and then senator dianne feinstein is introducing a new assault weapons ban and believe it or not she s actually now talking about gun owners being registered and fingerprinted. we will get to that and much we will get to that and much [ woman ] we knew it was...
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there are some strategist who is have said that the fiscal cliff won't hit the economy right away. tell actually give lawmakers more time to continue negotiating. but how long can our economy take the uncertainty? >> it is not just uncertainty. we have had that factored in. the reality is that unless the president suspends the increase in payroll taxes that are going to take place, not just social security, but withholding for income tax, while they continue to negotiate, we have gone off the cliff. in the month of january, people will live off their credit cards, but they can only do that so long. come february and march, the higher taxes will require adjustments in the spending habits of folk who is make between $25,000 and $100,000 a year. i would point out that this is no reason to give the president everything he wants and pass that bill that he proposes because if the republicans do that, they lose all their leverage. i have news for most people. if we dont curb our spending, everybody's going to have to pay the higher taxes in the end because things are flying out of ceil. >
there are some strategist who is have said that the fiscal cliff won't hit the economy right away. tell actually give lawmakers more time to continue negotiating. but how long can our economy take the uncertainty? >> it is not just uncertainty. we have had that factored in. the reality is that unless the president suspends the increase in payroll taxes that are going to take place, not just social security, but withholding for income tax, while they continue to negotiate, we have gone off...
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probably doing the right thing to keep the country from going off the fiscal cliff. they do have to count heads to figure out how many people are willing to stick their necks out for this deal, whether they think it does the job and some people said they want to see the legislative language so it may be a long night ahead. >> bret: definitely. mike emanuel. we'll head back for any breaking news. thank you. ed henry standing by if he white house with the latest there. vice president biden may be on the move soon. ed? >> good evening, bret. they say they are waiting for whether or not the democrats will hold a caucus meeting tonight. that's obviously still unclear. if they have that meeting, the vice president is expected to be there to try and sell this. republicans are charging though that the president may have messed up this deal with a little bit of excessive celebration earlier. >> if we're going to be serious about deficit reduction and debt reduction, then it's going to have to be a matter of shared sacrifice. at least as long as i'm president. and i'm going to
probably doing the right thing to keep the country from going off the fiscal cliff. they do have to count heads to figure out how many people are willing to stick their necks out for this deal, whether they think it does the job and some people said they want to see the legislative language so it may be a long night ahead. >> bret: definitely. mike emanuel. we'll head back for any breaking news. thank you. ed henry standing by if he white house with the latest there. vice president biden...
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and i think that the issue that we're dealing with right now on the fiscal cliff is a prime example of it. what i'm arguing for are maintaining tax cuts for 98% of americans. you know, i don't think anybody would consider that some liberal left wing agenda. that used to be considered a pretty mainstream republican agenda. and it's something that we can accomplish today if we simply allow for a vote in the senate and in the house to get it done. the fact that it's not happening is an indication of, you know, how far certain factions inside the republican party have gone where they can't even accept what used to be considered centrist mainstream positions on these issues. now i remain optimistic. you know, i'm just a general optimist, that eventually people kind of see the light. you know, winston churchill used to say that we americans, you know, we try every other option before we finally do the right thing. after everything else is exhausted, we eventually do the right thing. and i think that that's true for congress as well. and i think it's also important for americans to remember t
and i think that the issue that we're dealing with right now on the fiscal cliff is a prime example of it. what i'm arguing for are maintaining tax cuts for 98% of americans. you know, i don't think anybody would consider that some liberal left wing agenda. that used to be considered a pretty mainstream republican agenda. and it's something that we can accomplish today if we simply allow for a vote in the senate and in the house to get it done. the fact that it's not happening is an indication...
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the fiscal cliff. is it really the tea party congress members or not? >> i think it's hard to predict exactly who might get blamed if something doesn't happen. that seems too far in the future for me but if you look at all of the piece that is are in play, the one thing we haven't talked about is the debt limit. it is going to be hit soon. and then the treasury can use extraordinary measures to extend it but caused the fight that made us sit here today to talk about the quote/unquote fiscal cliff and the republican haves the boehner rule to ask for a dollar in cut for every dollar the limit is extended. the debt limit being money that we have paid and obligation to pay. and so, if democrats and republicans aren't come together now, and a month and a half from now republicans come back to the table and say we need more cuts, i don't know what the president is going to look to to cut. seems like a complicated mess that they have on their hands and the more clarity they get now, the easier it's going to b
the fiscal cliff. is it really the tea party congress members or not? >> i think it's hard to predict exactly who might get blamed if something doesn't happen. that seems too far in the future for me but if you look at all of the piece that is are in play, the one thing we haven't talked about is the debt limit. it is going to be hit soon. and then the treasury can use extraordinary measures to extend it but caused the fight that made us sit here today to talk about the quote/unquote...
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another way febreze helps you breathe happy. >>> right now the bill to pull us back from the fiscal cliff heads to the house. at this hour they're starting to gather in the house chamber and will reconvene in 90 minutes. we are waiting to hear if there will be a vote today. the senate approved its version early this morning with an 89-8 vote. i'll talk to a republican congressman in a moment about how he plans to vote on the bill. i'm mara schiavocampo. here's a quick look at other stories making news now. >>> today 1 million workers in ten states get a bit of a boost in their pay checks. the minimum wage increases from 10 to 35 cents per hour depending on where you live. >>> in afghanistan the timetable for turning over security from nato to the afghans is on schedule with the next phase ontrack to begin in two months. the transition will give afghan forces full control by the end of 2014. and it's a very different, very quiet scene this morning in times square on this first day of 2013. last night was a little different. about a million people welcomed in the new year with the famous ba
another way febreze helps you breathe happy. >>> right now the bill to pull us back from the fiscal cliff heads to the house. at this hour they're starting to gather in the house chamber and will reconvene in 90 minutes. we are waiting to hear if there will be a vote today. the senate approved its version early this morning with an 89-8 vote. i'll talk to a republican congressman in a moment about how he plans to vote on the bill. i'm mara schiavocampo. here's a quick look at other...
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our top story tonight, the last ditch effort to avert the fiscal cliff. president obama met with congressional leaders for several hours at the white house today to try to hammer out a deal before taxes go up on more than 160 million americans. after the meeting, the president presented a new plan to avoid the cliff and said he was modestly optimistic. >> we had a constructive meeting today. senators reid and mcconnell are discussing a potential agreement where we can get a bipartisan bill out of the senate over into the house and done in a timely fashion so that we met the december 31st deadline. given how things have been working in this town we have to actually wait and see until it actually happens. the one thing that the american people should not have to wait and see is some sort of action. so if we don't see an agreement between the two leaders in the senate, i expect a bill to go on the floor. and i have asked senator reid to do. this put a bill on the floor that makes sure that taxes on middle class families don't go up, that unemployment insuran
our top story tonight, the last ditch effort to avert the fiscal cliff. president obama met with congressional leaders for several hours at the white house today to try to hammer out a deal before taxes go up on more than 160 million americans. after the meeting, the president presented a new plan to avoid the cliff and said he was modestly optimistic. >> we had a constructive meeting today. senators reid and mcconnell are discussing a potential agreement where we can get a bipartisan...
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that we don't want to inflict on you, but would have to by the design of the fiscal cliff, that oh, by the way, we created a year and a half ago. they actually couldn't get the social security cuts through this time. but republicans have promised and obama will probably be happy to go along with it that in the next few months they're going to you know, take another crack at "entitlement reform." but i think that whether or not this deal ends up being a good one for -- for democrats, depends on whether or not the president holds firm in the commitment he made. that he will refuse to negotiate on the debt ceiling. he is saying forget it. i'm not even going to talk about it. i don't care what you want to give me to raise the debt ceiling, i don't care what you want about the debt ceiling, i'm not going to touch the debt ceiling. now what does that mean? does that mean he is going to pay the debts even if the republicans don't raise the debt ceiling. we don't know, but he has insisted, both in private and with his staff in his public statements and in private with others that this is a
that we don't want to inflict on you, but would have to by the design of the fiscal cliff, that oh, by the way, we created a year and a half ago. they actually couldn't get the social security cuts through this time. but republicans have promised and obama will probably be happy to go along with it that in the next few months they're going to you know, take another crack at "entitlement reform." but i think that whether or not this deal ends up being a good one for -- for democrats,...
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cliff thing they throw boehner over the edge or start the process for removing boehner? seems if anything, again, as a pragmatic matter that even maybe hurts the republicans more or is it right? is anthony right that you are going to lose ground anyway so you might as well stick to your first principles and look at what happened to george h.w. bush after he went back on his tax no tax pledge. >> if he can't lead and offer solutions he probably shouldn't be there. there is a great game as to if not he, who. that is a fair question. these things happen fast. i'm not saying that it will. the only people that can really counter are the 435 members in there. they know what is happening on the inside. >> laura: what should he do? >> offer a solution. >> laura: what solution? he tried to offer. >> offer a bold solution and go out to america and debate it and don't do secret meetings. we had two years of simpson bowles and knew this was coming. debate the concepts with america and continue debating them. >> laura: don't worry about the fiscal cliff. >> push us off. we may need i
cliff thing they throw boehner over the edge or start the process for removing boehner? seems if anything, again, as a pragmatic matter that even maybe hurts the republicans more or is it right? is anthony right that you are going to lose ground anyway so you might as well stick to your first principles and look at what happened to george h.w. bush after he went back on his tax no tax pledge. >> if he can't lead and offer solutions he probably shouldn't be there. there is a great game as...
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coverage continues on the fiscal cliff vote here on msnbc, the place for politics.
coverage continues on the fiscal cliff vote here on msnbc, the place for politics.
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and right now, the fiscal cliff hanging over the nation, you've heard gerri talk about it, we'll see the deadline, will it happen less than 29 hours away. we'll talk with a lawmaker who thinks the president wants -- wants to go over the fiscal cliff. why? i'll ask him. [ male announcer ] this is sheldo whose long day setting up the news starts with arthritis pain and a choice. take tylenol or take aleve, the #1 recommended pain reliever by orthopedic doctors. just two aleve can keep pain away all day. back to the news. just two aleve can keep pain away all day. you know it even after all these years. but your erectile dysfunction - you know,that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needingo go frequently or urgently. tell your doctor about all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity. do not take cialis
and right now, the fiscal cliff hanging over the nation, you've heard gerri talk about it, we'll see the deadline, will it happen less than 29 hours away. we'll talk with a lawmaker who thinks the president wants -- wants to go over the fiscal cliff. why? i'll ask him. [ male announcer ] this is sheldo whose long day setting up the news starts with arthritis pain and a choice. take tylenol or take aleve, the #1 recommended pain reliever by orthopedic doctors. just two aleve can keep pain away...
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50s on the fiscal cliff. they don't want to give up things. they don't want to give up cuts to medicare or social security in order to get a deal that may not be best for them. if you look at game theory, you know, economic and political game theory, if all the players understand the strategies of the other players and act rationally, sometimes they won't move off the strategy that they are on. >> should americans have optimist about this 3:00 meeting this afternoon at the white house or basically it's humpty-dumpty, we're going off the wall, we're going to break, but we can be put back together. >> it doesn't mean they won't get an agreement on the phone, but i don't remember any high-plo file white house meeting producing anything other than leaked stories about how one leader told the other leader how tough he is and how weak the other guy is. these are, generally speaking made for optics, so we talk about it. >>> jonathan allen, great to see you, thank for your time. >> my pleasure. >>> we talked in the l
50s on the fiscal cliff. they don't want to give up things. they don't want to give up cuts to medicare or social security in order to get a deal that may not be best for them. if you look at game theory, you know, economic and political game theory, if all the players understand the strategies of the other players and act rationally, sometimes they won't move off the strategy that they are on. >> should americans have optimist about this 3:00 meeting this afternoon at the white house or...
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losing ground for negotiation on deal for fiscal cliff so no surprise they are using hope for the future. "washington post"/abc news poll says 72% of the g.o.p. is fearful about what lies ahead in 2013. all right, so let's take a look at the 72% of republicans say they are very fearful, which is up by double digits than what they were i guess under president bush. so greg, are republicans more grounded in reason, they see the future as nail biter? >> greg: conservatives are vampire killers. liberals hate the vampire killers. so the republicans are terrified that the government is expanding. the vampires are hopeful. >> andrea: have you been watching "twilights >> greg: i have been home with the flu watching vampire movies. >> andrea: noah's neighbors were hopeful for the future, too. >> kimberly: they're hopeful because the guys got in. they are entitlement dancing over their head. i would be in a good mood, too. people who are realistics that earn a living and pull out the wallet to pay for stuff. you got worries. look at the numbers for holiday shopping. worst in four years. what does
losing ground for negotiation on deal for fiscal cliff so no surprise they are using hope for the future. "washington post"/abc news poll says 72% of the g.o.p. is fearful about what lies ahead in 2013. all right, so let's take a look at the 72% of republicans say they are very fearful, which is up by double digits than what they were i guess under president bush. so greg, are republicans more grounded in reason, they see the future as nail biter? >> greg: conservatives are...
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life opens up when you do. >>> well, we appear to have a deal to avoid the fiscal cliff. a democratic source says a deal was reached just minutes ago. democrats in the senate are meeting right now on capitol hill with vice president joe biden who helped move these takes long. and there is word that there may be a vote in the senate this evening, possibly before midnight. we'll see. we will be back in just a moment with continuing coverage of the fiscal cliff talks. you're watching msnbc, the place for politics. ♪ [ male announcer ] why do more emergency workers everywhere trust duracell...?? duralock power preserve. locks in power for up to 10 years in storage. now...guaranteed. duracell with duralock. trusted everywhere. >>> welcome back. let's go back to nbc's chuck todd. we are talking about the fiscal cliff issue about an apparent deal that has been struck in the senate tonight. chuck, before the break you were talking about the possibility, even likelihood that there will be holdouts on both sides of the aisle who don't like this deal, and perhaps may not even pass
life opens up when you do. >>> well, we appear to have a deal to avoid the fiscal cliff. a democratic source says a deal was reached just minutes ago. democrats in the senate are meeting right now on capitol hill with vice president joe biden who helped move these takes long. and there is word that there may be a vote in the senate this evening, possibly before midnight. we'll see. we will be back in just a moment with continuing coverage of the fiscal cliff talks. you're watching...
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could very well allow us to go off the fiscal cliff. a few weeks into january they decide to take the vote on lowering taxes. lowering the race so they can say you know what, we voted to lower taxes. >> that's something that has been talked about. a lot of people were concerned they wanted to go over the fiscal cliff. they wouldn't have to go for a tax increase. then however it becomes no longer extending the bush tax cuts, but the obama tax cuts. president obama is associated with cutting taxes. there is political liability for them as well. the reality is they have to get off of this no tax increase nonsense. i read in the "new york times" the other day, no republican member of congress voted for it since 1990. do you believe that? we had two or three wars since that time? a tragedy at 9/11 and we had hurricane sandy. we had hurricane katrina and despite all of these, they are unwilling to raise them to support and fund our government. what does it say about the dysfunctionality? >> we will have to leave it there. happy holidays to yo
could very well allow us to go off the fiscal cliff. a few weeks into january they decide to take the vote on lowering taxes. lowering the race so they can say you know what, we voted to lower taxes. >> that's something that has been talked about. a lot of people were concerned they wanted to go over the fiscal cliff. they wouldn't have to go for a tax increase. then however it becomes no longer extending the bush tax cuts, but the obama tax cuts. president obama is associated with...
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we now are here at this fiscal slope as i like to call it, not cliff. >> laura: presumably, no matter what you say about what happened a year and a half ago, the president was part of that equation, right? he is the president of the united states. >> he is. but there are three branches of government. >> laura: accountability for that as well: that's for sure and the democrats didn't get around to actually passing a budget so we need to move on to that that guy, we are going to have the republicans have only so much leverage. in effect they don't have a lot of power here, do they? not really i think we learned that speaker boehner own party we can go back as you said to the debt ceiling debate. the only reason we have cliffs and crises because democrats, particularly in the senate have completely abandoned the legally mandated budgeting process. we have not had a budget in this country for three years. that's why we keep having all these high stakes crises where we are really worried about some deadline that's looming. if we just passed budgets the way we were supposed to and the way t
we now are here at this fiscal slope as i like to call it, not cliff. >> laura: presumably, no matter what you say about what happened a year and a half ago, the president was part of that equation, right? he is the president of the united states. >> he is. but there are three branches of government. >> laura: accountability for that as well: that's for sure and the democrats didn't get around to actually passing a budget so we need to move on to that that guy, we are going to...
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over the fiscal cliff becomes greater by the hour, what does it mean to you, the american taxpayer, and your wallet. we have broken down the most important things everyone must know if we do in fact go over the cliff. joining me is charles payne and --. >> i'm actually with brite-bart news, just to let you know. >> okay, i apologize. let's start with the basics. what does this mean for the average american if, in fact, december 31st comes and goes we go over the cliff? keri? >> first of all, it will be like a twilight zone for a lot of people in the middle class. it's almost like you will have a number of people who were trying to actually get into the upper income levels and then all of a sudden rod sterling is going to come along and say, yeah, guess what, you are rich, but you are going to lose everything. for one thing, we are going to see the -- we are going to see a number of people lose their jobs. about 3.4 million jobs are projected to be lost according to the cbo. we are also going to see the obamacare tax hikes hit us if you don't have healthcare then you are going to be hit
over the fiscal cliff becomes greater by the hour, what does it mean to you, the american taxpayer, and your wallet. we have broken down the most important things everyone must know if we do in fact go over the cliff. joining me is charles payne and --. >> i'm actually with brite-bart news, just to let you know. >> okay, i apologize. let's start with the basics. what does this mean for the average american if, in fact, december 31st comes and goes we go over the cliff? keri?...
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for the house. >> they want that vote on the fiscal cliff. still the employee of the month and thank you so much. next, breaking with boehner. a month ago, oklahoma congressman tom cole endorsed compromising and going-over the fiscal cliff. what's he saying now? the minority report, we will get the view from the other side of the aisle with john yarmouth. a look ahead at the president's schedule. you are watching t"the daily rundown" on msnbc. i love the holidays. and with my bankamericard cash rewards credit card, i love 'em even more. i earn 1% cash back everywhere, every time. 2% on groceries. 3% on gas. automatically. no hoops to jump through. that's 1% back on... [ toy robot sounds ] 2% on pumpkin pie. and apple. 3% back on 4 trips to the airport. it's as easy as... -[ man ] 1... -[ woman ] 2... [ woman ] 3. [ male announcer ] the bankamericard cash rewards card. apply online or at a bank of america near you. [ male announcer ] the bankamericard cash rewards card. is bigger than we think ... sometimelike the flu.fer from with aches, feve
for the house. >> they want that vote on the fiscal cliff. still the employee of the month and thank you so much. next, breaking with boehner. a month ago, oklahoma congressman tom cole endorsed compromising and going-over the fiscal cliff. what's he saying now? the minority report, we will get the view from the other side of the aisle with john yarmouth. a look ahead at the president's schedule. you are watching t"the daily rundown" on msnbc. i love the holidays. and with my...
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mixed with a fairly bad economic impact from the fiscal cliff. kicking some of the sequester down the road would be a good idea but it's the same disagreements keeping us from doing that that has kept us from getting a bigger deal. >> where we are right now and what we know about this, sam, is it clear whether one side gave more than the other? >> you know, it's just the first chapter of a several-chapter book here because now we're going to have to deal with the debt ceiling fight and republicans have been calculating that they want to extract some concessions from the white house on that. that can't be considered separate from what we're talking about today. of course, we have to do the sequestration and what will happen with those cuts. so it's too early to tell who wins, who loses. i'll add to ezra, the big losers i guess are us, and me in particular standing out here in the cold on new year's eve over a manufactured crisis. >> there are a lot of us who did not expect to be here at 5:31 eastern time on new year's eve. we shall say that. let m
mixed with a fairly bad economic impact from the fiscal cliff. kicking some of the sequester down the road would be a good idea but it's the same disagreements keeping us from doing that that has kept us from getting a bigger deal. >> where we are right now and what we know about this, sam, is it clear whether one side gave more than the other? >> you know, it's just the first chapter of a several-chapter book here because now we're going to have to deal with the debt ceiling fight...
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cliff. >> if an agreement isn't reached on time, then i'll urge the senate to hold an up-or-down vote on a basic package that protects the middle class from an income tax hike, extends vital unemployment insurance for americans looking for a job and lays the ground work for more economic growth and deficit reduction. >> the president is optimistic that a deal can be reached midnight on new year's eve. listen to senate minority leader mitch mcconnell. >> we had a good meeting down at the white house. engaged in discussions in the hopes we can come forward as early as sunday and have a recommendation that i can make to my conference and the majority leader can make to his conference. >> and the senate is set to reconvene sunday at 1:00 eastern time. the house also expected to be in session on sunday. they'll start at 2:00 eastern time with the first votes coming at 6:30. let's head up to capitol hill. mike viqueira is there. so what? even if they reach a deal today or tomorrow? do we have time
cliff. >> if an agreement isn't reached on time, then i'll urge the senate to hold an up-or-down vote on a basic package that protects the middle class from an income tax hike, extends vital unemployment insurance for americans looking for a job and lays the ground work for more economic growth and deficit reduction. >> the president is optimistic that a deal can be reached midnight on new year's eve. listen to senate minority leader mitch mcconnell. >> we had a good meeting...
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obviously we have technically gone over the fiscal cliff at this point. however, this will be retroactive to, what, an hour and 53 minutes ago on the east coast. so it would be no effect, with one big caveat, of course. next comes the house of representatives and nobody knows how that is going to work out. republican leaders, after this deal was struck this evening, it became apparent that both republicans and democrats were on board in big numbers. put out a statement saying they pledge to look at what the senate did. they reserve the right to amend it, however, or put it directly on the floor. they're not going to do it tonight. this is going to take place tomorrow at the very earliest and no one knows exactly how republicans are going to react in the house of representatives. it is going to be a very interesting day. and at this point we can't say it's a guarantee in any way, shape, or form that the house is going to approve what's being done here. many republicans obviously upset that taxes are going to be very in any shape or form and many democrats
obviously we have technically gone over the fiscal cliff at this point. however, this will be retroactive to, what, an hour and 53 minutes ago on the east coast. so it would be no effect, with one big caveat, of course. next comes the house of representatives and nobody knows how that is going to work out. republican leaders, after this deal was struck this evening, it became apparent that both republicans and democrats were on board in big numbers. put out a statement saying they pledge to...
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align. >>> we are so close to the fiscal cliff right now we can pra practically look over the edge. in fact, some people are saying it might even be too late for a deal and we'll go over that cliff. harry reid just took to the senate floor 30 minutes ago to say he thinks it's likely we're going to go over the cliff. republicans like house speaker john boehner and mitch mcconnell have been radio silent on negotiations. joining me is will kain and roland martin, a political analyst and columnist. welcome to you both. >> good to see you. >> good to see you. i'm just so sad we have to talk about the fiscal cliff. let's start with you, roland. harry reid comes out and says the house isn't in session. the president is back. the house is going nowhere. john boehner is doing a terrible job and we'll likely go off the cliff because of the republicans. >> it's interesting. this morning i talked to congressman e moon yule cleaver and part of the issue deals with the house rules. they have to have 48-hours notice to come back to washington, d.c. republicans also have a rule -- >> like there are
align. >>> we are so close to the fiscal cliff right now we can pra practically look over the edge. in fact, some people are saying it might even be too late for a deal and we'll go over that cliff. harry reid just took to the senate floor 30 minutes ago to say he thinks it's likely we're going to go over the cliff. republicans like house speaker john boehner and mitch mcconnell have been radio silent on negotiations. joining me is will kain and roland martin, a political analyst and...
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on the fiscal cliff talks. right now staff discussions underway on the senate side trying to steer the country away from this fiscal cliff. >> dave: peter doocy is going to join us live from washington with the latest. peter from what we understand the house is initially left out of the discussion. so, something theoretically emerges from the senate and it's all on john boehner to find republican votes, is that where we are? >> reporter: where we are, we were told a few minutes ago discussions a way around the fiscal cliff at the staff level in the senate has begun for the day, only on the senate side. there's not much going on right now with the house of representatives. we heard yesterday though from some officials in the obama administration that senator mitch mcconnell, the senator minority leader has been working hard behind the scene, figuring how to get a deal done before monday at midnight and hearing talk in the senate that they want to tweak the obama plan and raise the threshold who the president say
on the fiscal cliff talks. right now staff discussions underway on the senate side trying to steer the country away from this fiscal cliff. >> dave: peter doocy is going to join us live from washington with the latest. peter from what we understand the house is initially left out of the discussion. so, something theoretically emerges from the senate and it's all on john boehner to find republican votes, is that where we are? >> reporter: where we are, we were told a few minutes ago...
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and i think that the issue that we're dealing with right now on the fiscal cliff is a prime example of it. what i'm arguing for are maintaining tax cuts for 98% of americans. you know, i don't think anybody would consider that some liberal left wing agenda. that used to be considered a pretty mainstream republican agenda. and it's something that we can accomplish today if we simply allow for a vote in the senate and in the house to get it done. the fact that it's not happening is an indication of, you know, how far certain factions inside the republican party have gone where they can't even accept what used to be considered centrist mainstream positions on these issues. now i remain optimistic. you know, i'm just a general optomist, that eventually people kind of see the light. you know, winston churchill used to say that we americans, you know, we try every other option before we finally do the right thing. after everything else is exhausted, we eventually do the right thing. and i think that that's true for congress as well. and i think it's also important for americans to remember t
and i think that the issue that we're dealing with right now on the fiscal cliff is a prime example of it. what i'm arguing for are maintaining tax cuts for 98% of americans. you know, i don't think anybody would consider that some liberal left wing agenda. that used to be considered a pretty mainstream republican agenda. and it's something that we can accomplish today if we simply allow for a vote in the senate and in the house to get it done. the fact that it's not happening is an indication...
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a lot of investors think if we can just get over, get past the fiscal cliff, we're going to have a pretty good year in 2013. people are saying, you know, big companies are in good shape. we're just kind of waiting for this economy to pick up steam. the housing markets is now -- has now turned around. consumers have paid down debt. there are a lot of things that are sort of going the right way, except for one thing. we need washington to solve this problem. >> again, it's not going to be a big deal within the time that's gin left. what can americans expect come payday in the new year? the affect that's going to be in their paycheck for tax reasons. >> we all know if there's not -- sthe they could come up with a short-term deal that really just pushes the whole thing off. it says this deadline is -- we're going to change the deadline. they can do that. i mean, whether they're going to do that or not, nobody is quite sure, but it does sound like the door is open for congress to come back in. it may not hit on january 1st the way people think, but this whole thing could unravel, you know, and
a lot of investors think if we can just get over, get past the fiscal cliff, we're going to have a pretty good year in 2013. people are saying, you know, big companies are in good shape. we're just kind of waiting for this economy to pick up steam. the housing markets is now -- has now turned around. consumers have paid down debt. there are a lot of things that are sort of going the right way, except for one thing. we need washington to solve this problem. >> again, it's not going to be a...
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. >> all right, jeff berardelli, thanks so much. you know about the fiscal cliff. here comes the container cliff. long shoremen plan to go on strike. that could cost american companies about billion dollars a day. anna werner is in houston at one of the ports that could be facing a walkout. good morning. >> reporter: good morning, rebecca and jeff. yes. there are two days to go before the strike deadline. they're at an impasse. at issue is pay for those working in the ports. but if it doesn't get resolved, the consequence could be a devastated impact on the economy. as the rest of the country focuses on the gridlock in houston, many are working overtime trying to get as many shipments out as they can before it comes to a standstill. the vice president of the national retail federation says a shutdown at the docks would have a ripple effect on the global economy. >> the ports are a primary piece of the global supply chain. if they're not operating efficiently, it slows down the system and hurts everything using the system. >> reporter: negotiations between the inter
. >> all right, jeff berardelli, thanks so much. you know about the fiscal cliff. here comes the container cliff. long shoremen plan to go on strike. that could cost american companies about billion dollars a day. anna werner is in houston at one of the ports that could be facing a walkout. good morning. >> reporter: good morning, rebecca and jeff. yes. there are two days to go before the strike deadline. they're at an impasse. at issue is pay for those working in the ports. but if...
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cliff. members of congress are still pointing firngs over who is to blame for the lack of progress. meanwhile, connecticut's independent senator, joe lieberman expects congress to work right up until the new year's eve deadline. he's not sure that will be enough. >> it's first time i'm more likely that we'll go over the cliff than not. if we allow that to happen, it will be the most colossal consequential act of congressional irresponsibility in a long time. >> the president and congress are on short holiday breaks. they're due back later in the week. one possibility in all of this mess is a partial deal on taxes while putting off agreement on spending until some time down the road. >>> former president george h.w. bush may be spending thanksgiving in the hospital. he's been there since thanksgiving. he's battling bronchitis and a lingering cough. >>> south africans are sending warm wishes to former president nelson mandela. he's been in the hospital f two weeks with a lung infection. he's s
cliff. members of congress are still pointing firngs over who is to blame for the lack of progress. meanwhile, connecticut's independent senator, joe lieberman expects congress to work right up until the new year's eve deadline. he's not sure that will be enough. >> it's first time i'm more likely that we'll go over the cliff than not. if we allow that to happen, it will be the most colossal consequential act of congressional irresponsibility in a long time. >> the president and...
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it doesn't take that much work, we just have to do the right thing. >> six days away from the fiscal cliff and there are real consequences to millions of americans if no deal is cut. congressman elijah cummings and ryan grim of the huffington post are here with the latest. a tea party giant stages a coupe with his own office. the details on dick armey's hostile takeover. the nra is catching heat from all directions. >> i don't think the nra is listening, i don't think they understand. >> georgetown university law professor, david cole on the growing drumbeat against the nra. >>> six days until the price of milk shoots up to $8 a gallon. why house republicans are take ing america to the dairy cliff. >>> and civil liberty groups take on torture in zero dark thirty. >>> if no deal is reached, the nation will go over the fiscal cliff in a little more than five days and house republicans are doing nothing more than posturing. president obama is flying back to washington tonight from his christmas vacation in hawaii to make one last attempt to get a deal before midnight new year's eve. the
it doesn't take that much work, we just have to do the right thing. >> six days away from the fiscal cliff and there are real consequences to millions of americans if no deal is cut. congressman elijah cummings and ryan grim of the huffington post are here with the latest. a tea party giant stages a coupe with his own office. the details on dick armey's hostile takeover. the nra is catching heat from all directions. >> i don't think the nra is listening, i don't think they...
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there's no natural segue for the fiscal cliff. come on back, clayton. >> juliet: it's fine. >> dave: we need your help to avert the fiscal cliff. congress back in session today and we understand, be careful, get your hazmat suit out. >> juliet: stop that now, come on. >> dave: we understand there's about a three o'clock deadline to present this new deal. we hear there may be some sort of a new deal coming out of the senate, when it comes to mitch mcconnell and harry reid presenting something, we don't know what, probably some sort of threshold around 4 or $500,000. >> and look on the table, the president sequestration and no one was going to have to deal with, they were going to get their act together months ago and now we're talking sequestration with two days left and 3 p.m., only hours left. >> dave: we'll have the latest with chris wallace in a couple of minutes. it's interesting as we near this fiscal cliff, the president signed an executive order that would give members of congress a raise, which is raise ago few eyebrows. >
there's no natural segue for the fiscal cliff. come on back, clayton. >> juliet: it's fine. >> dave: we need your help to avert the fiscal cliff. congress back in session today and we understand, be careful, get your hazmat suit out. >> juliet: stop that now, come on. >> dave: we understand there's about a three o'clock deadline to present this new deal. we hear there may be some sort of a new deal coming out of the senate, when it comes to mitch mcconnell and harry reid...
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we forget about it. >> we're worried about the fiscal cliff. the gun guy is never not focused on guns. mayor, isn't that the problem? you have guys mostly in philadelphia -- >> that's part of the challenge. >> living noud reading, they live right in the city, they think about the second amendment all the time. >> but i think there are many responsible gun owners, again, who are hunters, who know about gun safety and training. they put locks on their guns. they put them in a locker so they're not accessible to children or others who should not have them or don't know how to use them. the work that mayor bloomberg is doing and mayor menino, mayors against illegal guns that demand a plan, activity, and website. people should check that out. get engaged and involved. i saw an ad in one of the new york papers asking people to sign up. this issue is not going away. we as a country better damn we will figure out how to do more than one thing at a time. fiscal cliff, very important. public safety and gun violence, very important. getting people back to
we forget about it. >> we're worried about the fiscal cliff. the gun guy is never not focused on guns. mayor, isn't that the problem? you have guys mostly in philadelphia -- >> that's part of the challenge. >> living noud reading, they live right in the city, they think about the second amendment all the time. >> but i think there are many responsible gun owners, again, who are hunters, who know about gun safety and training. they put locks on their guns. they put them...
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>>> "outfront" next, just six days until we all fall over the fiscal cliff and tonight, there's no action on capitol hill. will that change by the end of the year? tonight, two congressmen come out front to talk. plus, arizona's attorney general backs a plan reminiscent of the nra. and -- big from the worst of our politics. >>> i'm in for erin burnett. "outfront" tonight, christmas is over. washington back to work. the countydown is on. you've got six days to prevent this country from going over the fiscal cliff and today at least, we didn't see any action. nothing. now, i'm not trying to be a g n grinch here. i hope everyone's had a merry, merry christmas. >> drink some eggnog, have some christmas cookies, sing some christmas carols. >> but today's the 26th. you've drunk, you eaten and you've sung. now is the time for action. the latest news out of washington tonight, treasury secretary tim geithner told congress that the country will hit the debt ceiling on december 31st, some two months earlier than expected, but there's still no date yet on when the house of representatives will be ca
>>> "outfront" next, just six days until we all fall over the fiscal cliff and tonight, there's no action on capitol hill. will that change by the end of the year? tonight, two congressmen come out front to talk. plus, arizona's attorney general backs a plan reminiscent of the nra. and -- big from the worst of our politics. >>> i'm in for erin burnett. "outfront" tonight, christmas is over. washington back to work. the countydown is on. you've got six days...
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. >> it's just not right. it's just insanity. insanity. >> reporter: back on capitol hill lawmakers address how to address this prickly issue, another stalemate and fiscal cliff negotiation. >> our republican colleagues by refusing to go along with revenues are risking the fiscal cliff. >> i think we're going to fall out of the fiscal tree. there will not be a big deal. >> reporter: confidence in any progress now at a minimum. lawmakers return from their holiday recess on thursday, and when they do, they will have their work cut out for them. reporting live in washington, i'm danielle leigh. veronica, back to you. >>> thank you so much. >>> the pentagon says the commanding officer of s.e.a.l. team 4 has died in afghanistan. 42-year-old joe w. price died saturday of what u.s. military officials are calling a noncombat injury. they tell nbc news his death is being investigated as a possible suicide. s.e.a.l. team 4 was part of a mission to train local afghan police to combat the taliban. >>> in the meantime in what is being called
. >> it's just not right. it's just insanity. insanity. >> reporter: back on capitol hill lawmakers address how to address this prickly issue, another stalemate and fiscal cliff negotiation. >> our republican colleagues by refusing to go along with revenues are risking the fiscal cliff. >> i think we're going to fall out of the fiscal tree. there will not be a big deal. >> reporter: confidence in any progress now at a minimum. lawmakers return from their holiday...
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to happen over the course of several days and can they avert the fiscal cliff? to stick with your metaphor of basketball, if rose were to go the length of the court for fans on one side, left to right, fans on other side, right to left, if he scores it is the same basket but use the metaphor and apply it to the conversation of exactly where these tax cuts could take place if they happened after january 1st. the republicans want to vote to lower taxes. okay? see them go right to left as it were. the democrats want to see them go down and the republicans it appears increasingly clear are not going to vote to change the figure below the $1 million mark that boehner didn't get past the caucus unless they say to their people at home, they voted to lower taxes on all americans. >> peter, that was extraordinary. >> reporter: i tried. >> one of the best on this show. thank you! >> we have also got mike viqueira. mike? a lot of people and myself included believe that the payroll tax cut is the most damaging part of this for the middle class. if we do not extend it $125 b
to happen over the course of several days and can they avert the fiscal cliff? to stick with your metaphor of basketball, if rose were to go the length of the court for fans on one side, left to right, fans on other side, right to left, if he scores it is the same basket but use the metaphor and apply it to the conversation of exactly where these tax cuts could take place if they happened after january 1st. the republicans want to vote to lower taxes. okay? see them go right to left as it were....
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over the fiscal cliff? some lawmakers sounded gloomy about any chances for a compromise deal. >> passing pln b would not have changed the outcome. we would have gone over the cliff before, we will go over the cliff now because it's what the president wants. you can't negotiate with someone who does not want to negotiate. >> in the aftermath of the house republicans rejecting speaker boehner aers so-called plan "b," it's the first time i feel like we will more likely go over the cliff than not, and if we allow that to happen, it will be the most colossal consequential act of congressional irresponsibility in a long time, maybe ever in american history. >> nine days remain to get a deal done. lawmakers are home for the holidays. house speaker boehner is in ohio. president obama as reported is in his native hawaii. before leaving washington, president obama urged congress to pass a mini plan that would preserve middle class tax rates. brianna keilar joins us live from hawaii. what do we think will happen as th
over the fiscal cliff? some lawmakers sounded gloomy about any chances for a compromise deal. >> passing pln b would not have changed the outcome. we would have gone over the cliff before, we will go over the cliff now because it's what the president wants. you can't negotiate with someone who does not want to negotiate. >> in the aftermath of the house republicans rejecting speaker boehner aers so-called plan "b," it's the first time i feel like we will more likely go...
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cliff and make no mistake about it. if we go over, god forbid and i still don't think we have to, the american people are going to blame the republican party and they'll come right back and pass something. so i don't think the middle class is at risk. if we go over the cliff, our republicans colleagues will come back and go uh-oh and pass the bill we passed in senate already. >> can check hagel become secretary of defense if he's the republican's nominee? >> a lot of republicans have asked hard questions. i don't think he's going to get many republicans votes. i like chuck but his positions are really out of the mainstream and well to the left of the president. i think it would be a challenging nominations but the hearings will matter. chuck will have a chance to defend himself. >> will you support him? >> i'm going to wait and see what happens in the hearings. i've got questions with chuck and iran, hamas and hezbollah, his position toward israel, just afghanistan. i want to hear what he has to say. but very troubling
cliff and make no mistake about it. if we go over, god forbid and i still don't think we have to, the american people are going to blame the republican party and they'll come right back and pass something. so i don't think the middle class is at risk. if we go over the cliff, our republicans colleagues will come back and go uh-oh and pass the bill we passed in senate already. >> can check hagel become secretary of defense if he's the republican's nominee? >> a lot of republicans...
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. >> all right, jeff, thanks so much. >>> you know about the fiscal cliff. here comes the container cliff. dockworkers threaten to go on strike this sunday at more than a dozen major seaports from texas to massachusetts, and that could cost american companies about $1 billion a day. ana anna werner good morning. >> reporter: good morning. there are only two days left after a potential strike and negotiations between the longshoremen longshoremen's union and shipping companies are at an impasse. at issue here is pay for those working at the ports, but if the issue isn't resolved the consequences could be a devastating impact on the economy. as the rest of the country focuses on the political gridlock in washington workers at the port of houston are working overtime trying to get as many shipments in and out as they can before a threatened strike brings the port to a standstill. >> sitting here right now we fully expect there will be some shutdown or strike at the end of the day. >> reporter: jon gold vice president of the national retail federation says a shu
. >> all right, jeff, thanks so much. >>> you know about the fiscal cliff. here comes the container cliff. dockworkers threaten to go on strike this sunday at more than a dozen major seaports from texas to massachusetts, and that could cost american companies about $1 billion a day. ana anna werner good morning. >> reporter: good morning. there are only two days left after a potential strike and negotiations between the longshoremen longshoremen's union and shipping...
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Dec 26, 2012
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to avert the fiscal cliff in sight. the president is cutting his vacation short, but the house is still in recess with no immediate plans to return. the ball is now in senate democrat's court and
to avert the fiscal cliff in sight. the president is cutting his vacation short, but the house is still in recess with no immediate plans to return. the ball is now in senate democrat's court and
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Dec 24, 2012
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all right, chuck. we'll talk about guns in a minute. let's talk about the fiscal cliff. are we going to get a deal here? >> we're going to get a small deal. it's a shame. you wonder is the only thing that could change things, the holidays, does it change boehner's mind? does it change the president's mind? i think the president is making a mistake to make a small deal. he should try one more time for the big deal. you had nearly 200 house republicans about to vote to raise taxes on millionaires. that means could you get it up from $400,000 to $750,000? a deal is within reach. he's got to figure out -- i think go one more time. they seem to have had it and they don't want to try boehner one more time but i think they're making a big mistake. is he? >> i think john boehner did the right thing. i was supportive of this plan 3w6. my frustration is with the democrats because the house republicans, our conscience is clear. in august we passed a bill to extend all of the tax rates. we did deal with the fiscal cliff issues. we have passed that. it's harry reid and the president
all right, chuck. we'll talk about guns in a minute. let's talk about the fiscal cliff. are we going to get a deal here? >> we're going to get a small deal. it's a shame. you wonder is the only thing that could change things, the holidays, does it change boehner's mind? does it change the president's mind? i think the president is making a mistake to make a small deal. he should try one more time for the big deal. you had nearly 200 house republicans about to vote to raise taxes on...